Barclays Raises Williams Companies (NYSE:WMB) Price Target to $38.00

Williams Companies (NYSE:WMB - Get Free Report) had its target price increased by equities research analysts at Barclays from $37.00 to $38.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "equal weight" rating on the pipeline company's stock. Barclays's price objective would indicate a potential downside of 1.54% from the company's previous close.

Other equities analysts have also issued reports about the stock. UBS Group lifted their target price on shares of Williams Companies from $41.00 to $42.00 and gave the company a "buy" rating in a report on Thursday, February 15th. Truist Financial lifted their target price on shares of Williams Companies from $35.00 to $40.00 and gave the company a "hold" rating in a report on Monday, March 25th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $38.18.

Williams Companies Trading Down 0.7 %

WMB stock traded down $0.29 during trading on Thursday, reaching $38.60. The company had a trading volume of 8,341,541 shares, compared to its average volume of 7,094,451. Williams Companies has a 52 week low of $28.27 and a 52 week high of $39.76. The company has a market cap of $47.03 billion, a P/E ratio of 14.79, a PEG ratio of 6.19 and a beta of 1.05. The business has a 50 day moving average of $36.44 and a 200 day moving average of $35.49. The company has a debt-to-equity ratio of 1.57, a current ratio of 0.77 and a quick ratio of 0.73.

Williams Companies (NYSE:WMB - Get Free Report) last released its earnings results on Wednesday, February 14th. The pipeline company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. Williams Companies had a net margin of 29.22% and a return on equity of 16.20%. During the same quarter last year, the business earned $0.53 earnings per share. As a group, sell-side analysts forecast that Williams Companies will post 1.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Williams Companies

Hedge funds have recently added to or reduced their stakes in the company. Patten Group Inc. grew its position in Williams Companies by 1.3% in the 4th quarter. Patten Group Inc. now owns 23,899 shares of the pipeline company's stock worth $832,000 after purchasing an additional 296 shares during the period. Insigneo Advisory Services LLC grew its position in Williams Companies by 2.9% in the 3rd quarter. Insigneo Advisory Services LLC now owns 10,476 shares of the pipeline company's stock worth $353,000 after purchasing an additional 298 shares during the period. Buckley Wealth Management LLC grew its position in Williams Companies by 1.0% in the 3rd quarter. Buckley Wealth Management LLC now owns 30,865 shares of the pipeline company's stock worth $1,040,000 after purchasing an additional 300 shares during the period. Horan Securities Inc. grew its position in Williams Companies by 2.6% in the 3rd quarter. Horan Securities Inc. now owns 11,753 shares of the pipeline company's stock worth $396,000 after purchasing an additional 300 shares during the period. Finally, Graypoint LLC grew its position in Williams Companies by 2.6% in the 4th quarter. Graypoint LLC now owns 12,263 shares of the pipeline company's stock worth $427,000 after purchasing an additional 307 shares during the period. 86.44% of the stock is currently owned by hedge funds and other institutional investors.

Williams Companies Company Profile

The Williams Companies, Inc, together with its subsidiaries, operates as an energy infrastructure company primarily in the United States. It operates through Transmission & Gulf of Mexico, Northeast G&P, West, and Gas & NGL Marketing Services segments. The Transmission & Gulf of Mexico segment comprises natural gas pipelines; Transco, Northwest pipeline, MountainWest, and related natural gas storage facilities; and natural gas gathering and processing, and crude oil production handling and transportation assets in the Gulf Coast region.